American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Blue Sky Uranium Acquires New Projects in Argentina

by admin June 25, 2024
June 25, 2024
Blue Sky Uranium Acquires New Projects in Argentina

Blue Sky Uranium (TSXV:BSK,OTCQB:BKUCF) announced on Monday (June 17) that it is expanding its exploration portfolio by acquiring two new projects that are prospective for uranium in Argentina’s Neuquén Basin.

The company’s cornerstone asset is the Amarillo Grande project (AGP), where work continues to progress.

“Within our flagship AGP we have the Ivana deposit moving into the pre-feasibility stage, and multiple established exploration targets that are ready for the next steps,” said CEO and President Nikolaos Cacos in a press release.

“So it is time for us to look to expand our longer-term project pipeline, particularly with the strong support we are seeing for the uranium market. Similar to the surface mining targets at AGP, ISR-amenable uranium deposits provide the opportunity for low-cost, low-impact production and the potential for shorter development timelines,” he added.

The company’s new acquisitions, the Corcovo and Chihuidos projects, add nearly 80,000 hectares to its exploration territory. The properties were chosen for their potential to host uranium deposits amenable to in-situ recovery (ISR).

The Corcovo project, located in Argentina’s Mendoza province, covers approximately 20,000 hectares. Initially identified by the National Atomic Energy Commission (CNEA), the area is known for its uranium exploration potential.

According to Blue Sky, Corcovo’s geological conditions are also favorable, with uranium radiometric anomalies detected at depth in oil and gas wells suggesting significant ISR potential. For its part, the Chihuidos project spans around 60,000 hectares and was recognized by CNEA in the 1960s and 1970s. It was previously explored in the early 2000s.

Blue Sky has already initiated the permitting process for field programs at both projects. Concurrently, the company is updating and verifying historical data to identify and prioritize prospective exploration targets. This includes analyzing publicly available borehole surveys and seismic 2D/3D surveys from historic oil and gas exploration.

With the acquisitions, the company now controls over 480,000 hectares across the Rio Negro, Chubut, Neuquén and Mendoza provinces. AGP remains its primary focus, and has a vanadium credit in addition to holding uranium.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
EMU NL
next post
Heritage Mining Announces Closing of the First Tranche of its Non-Brokered Private Placement of Units and Flow-Through Units

Related Posts

Source Rock Royalties

April 16, 2024

Interactive Brokers stock jumps 10% after Q2 earnings...

July 19, 2025

Appia Rare Earths and Uranium Corp. to Present...

May 29, 2024

USD/JPY forecast: Will the Japanese yen crash to...

January 9, 2025

Airbus share price forecast: here’s why it’s ripe...

October 31, 2024

E25 Optimises Plant Design as Butcherbird Expansion Accelerates...

May 13, 2024

Pan American Makes US$295M Deal to Sell La...

May 4, 2024

Commissioning Proceeding to Plan as Boss Prepares for...

May 8, 2024

VIZSLA COPPER PROVIDES UPDATES ON WOODJAM COPPER-GOLD PROJECT...

February 22, 2024

USD/JPY analysis ahead of US CPI, Fed, and...

December 10, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,573)
    • Investing (2,700)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved